PLANO, Texas–The Cornerstone Credit Union League said it is partnering with Inclusiv to help credit unions gain federal designations and additional resources to better serve low-income and underserved members.
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WASHINGTON–The Community Development Financial Institutions Fund is soliciting comments concerning pre-approved Target Market assessment methodologies related to the CDFI certification process.
PURCHASE, N.Y.—Crypto and fiat financial app “hi” is introducing what it is calling “the world’s first debit card featuring “NFT avatar customization.”
BROOKFIELD, Wis.–Fiserv has been named a top performer on the American Opportunity Index, which ranks large companies by how well they create economic mobility for workers.
ALEXANDRIA, Va.–Members of the NCUA board heard an update on the agency’s Risk Appetite Statement, with one board member urging credit unions to take a “fresh look” at their own existing risk appetite statements or to begin the process.
ALEXANDRIA, Va.–Members of the NCUA board expressed “very real concerns” around what the year-end expiration of expanded authorities for the Central Liquidity Facility (CLF) could possibly mean, especially as more credit unions are feeling liquidity pressures.
ALEXANDRIA, Va.–With its new Information Security Examination (ISE) procedures scheduled to go live for all credit unions before year-end, the NCUA board got an update on cybersecurity risks to both the agency and credit unions during its meeting here.
NEW ORLEANS—The CFPB’s funding structure has been ruled unconstitutional by the Fifth U.S. Circuit Court of Appeals, which found it violates the Constitution because it receives funding through the Federal Reserve, rather than through the Congressional appropriations process.
WASHINGTON—Despite a weakening economy, the data again show lending continues to grow at credit unions.
WASHINGTON–The FDIC has approved a bank deposit insurance assessment rate schedule that will increase uniformly by two basis points beginning in the first quarterly assessment period.